Friday, April 16, 2021
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Some thoughts on privatisation in Latin America

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Pedro Páez Pérez Nel. Associate Professor, School of Public Administration ESAP, Bogotá, Colombia

The crisis of the substitution model in Latin America and external debt during the 80s led to a series of measures imposed by multilateral lending institutions such as the World Bank and the International Monetary Fund. The macroeconomic adjustment and structural transformation sought to make companies relatively protected from international competition with import substitution in economies more open to trade.

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